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Pattern_Study

Crude - Break Out Confirmed on Weekly Chart

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Pattern_Study  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Crude Oil crude
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trendanalysis chartpattern indicator usoil crudeoil crude
Crude oil has Confirmed breakout of a long term resistance line on weekly chart. Key considerations:
  • OPEC back in action
  • OPEC+ member Mexico recently cashed in their biggest oils hedge
  • Consumption and demand back up
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